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Power MOSFET Market - Rise in Demand for Compact Automation Solutions Accelerates Growth

05-24-2018 08:34 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
The global power MOSFET market is anticipated to flourish significantly within the forecast period from 2017 to 2026. Rise in sales of electronic gadgets has resulted in a surge in the demand for key parts and semiconductor gadgets. Segments comprising of metal oxide semiconductor field effect transistors (MOSFET) holds a major importance in the operation of an electronic gadget. With changing necessities of electronic gadgets as far as power consumption is concerned, an extensive variety of power MOSFETs are being created all over the world.

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The global power MOSFET market is prognosticated to grow at a decent CAGR 7.8% of over the estimated time frame. By 2026, the market is expected to clock a revenue of US$12.6 Bn. The demand for power MOSFETs is foreseen to soar in developed markets, for example, Europe and North America. However, it is Asia-Pacific that is expected to grow the most.

MOSFET is a kind of power semiconductor utilized as an electronic switch gadget. It is a pocket-friendly solution for bipolar junction transistor (BJT), which is perfectly compatible with higher current and voltage when contrasted with BJT. It empowers power management to improve energy saving in different applications, for example, electric vehicle, consumer electronic, and industrial system. Currently, it is utilized as a part of renewable resources and electric vehicles to avoid power loss and improve switching speed.

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Improved effectiveness, rise in demand for compact automation solutions, and durability have encouraged the adoption of power MOSFET in consumer gadgets, energy and power, and different applications. Subsequently, the global power MOSFET market is anticipated to witness decent development in coming years, because of its smaller size and improved strength.

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